With a capital gain of -4.06% for the last 12 months, Berala, 2141 has performed for property investments than its average annual 4.30% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Berala has given property investors a paper return of 1.23%. This puts Suburb as 460 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Berala are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 4.30%.
If you compare the increase in value of investment property in Berala, 2141 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.49%.
While Berala,2141 ranked number 286th in NSW for increase in median house value (annualised) increase, it is ranked 584th over the last 5 years.
Berala, 2141 is offering NSW ‘s 342th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
Residents and property investors in Berala have been waiting around 74.6 days to sell a property.
With the median price for a house in Berala being $494000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 6.60%